Quantinno Capital Management LP Has $4.35 Million Stock Holdings in Public Service Enterprise Group Incorporated (NYSE:PEG)

Quantinno Capital Management LP grew its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 31.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,793 shares of the utilities provider's stock after buying an additional 11,604 shares during the period. Quantinno Capital Management LP's holdings in Public Service Enterprise Group were worth $4,353,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PEG. SG Americas Securities LLC boosted its position in Public Service Enterprise Group by 133.4% during the 2nd quarter. SG Americas Securities LLC now owns 150,370 shares of the utilities provider's stock worth $11,082,000 after acquiring an additional 85,933 shares during the period. Czech National Bank grew its position in Public Service Enterprise Group by 8.3% in the 2nd quarter. Czech National Bank now owns 94,913 shares of the utilities provider's stock valued at $6,995,000 after buying an additional 7,235 shares in the last quarter. RFG Advisory LLC acquired a new position in Public Service Enterprise Group during the 2nd quarter valued at about $270,000. D.B. Root & Company LLC bought a new stake in shares of Public Service Enterprise Group during the 2nd quarter worth about $392,000. Finally, Dynamic Advisor Solutions LLC lifted its stake in shares of Public Service Enterprise Group by 18.7% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 5,149 shares of the utilities provider's stock worth $380,000 after acquiring an additional 812 shares during the period. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Richard T. Thigpen sold 5,900 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $87.95, for a total transaction of $518,905.00. Following the transaction, the senior vice president now owns 25,829 shares in the company, valued at approximately $2,271,660.55. The trade was a 18.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Kim C. Hanemann sold 956 shares of Public Service Enterprise Group stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $90.09, for a total value of $86,126.04. Following the sale, the chief operating officer now directly owns 70,011 shares in the company, valued at approximately $6,307,290.99. This trade represents a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,361 shares of company stock valued at $2,356,562 over the last 90 days. 0.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PEG has been the topic of several recent analyst reports. Barclays dropped their target price on Public Service Enterprise Group from $98.00 to $88.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. Wells Fargo & Company upped their price objective on Public Service Enterprise Group from $85.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Morgan Stanley lifted their target price on Public Service Enterprise Group from $83.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, September 23rd. UBS Group raised their price objective on shares of Public Service Enterprise Group from $94.00 to $98.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group assumed coverage on shares of Public Service Enterprise Group in a research note on Friday, September 13th. They issued a "hold" rating and a $85.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $88.08.

Public Service Enterprise Group Stock Down 1.7 %

NYSE PEG traded down $1.52 on Friday, reaching $90.00. The stock had a trading volume of 1,646,754 shares, compared to its average volume of 2,252,659. Public Service Enterprise Group Incorporated has a 1 year low of $56.85 and a 1 year high of $95.22. The business has a 50 day moving average price of $89.65 and a 200 day moving average price of $81.98. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $44.84 billion, a price-to-earnings ratio of 22.11, a P/E/G ratio of 3.37 and a beta of 0.62.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.44 billion. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. Public Service Enterprise Group's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. On average, analysts forecast that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.60 per share. The ex-dividend date is Tuesday, December 10th. This represents a $2.40 annualized dividend and a yield of 2.67%. Public Service Enterprise Group's dividend payout ratio (DPR) is presently 58.97%.

Public Service Enterprise Group Profile

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.